Hong Kong Retail Sales Fall Further In July

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Hong Kong's retail sales value decreased 5.5% year-on-year in July, following a revised 4.7% fall in June, the Census and Statistics Department said Tuesday. Economists expected sales to drop 6%.

Meanwhile, retail sales volume fell 5.4% , in line with economists' estimates, but faster than a revised 4.1% fall in the preceding month.

For the first seven months of the year, total retail sales decreased by 4.6% in value and 5.4% in volume terms compared to the last year.

(Market News Provided by RTTNews)